Shiba Inu: NFT Marketplace for Shibarium in the works

Paigambar Mohan Raj
Source: CryptoSlate

Shiba Inu (SHIB) has a lot of launches in the works. However, the most anticipated of the lot is the project’s layer-2 network, Shibarium. The team was supposed to launch the project sometime in Q3 of this year but decided to push the release date due to development delays.

Although the bear market has brought a lot of fear among investors, it has not stopped developers from building new applications. PawZone is one such community that is building Dapps for Shiba Inu’s Shibarium network. The team has published a blog updating the community on its work. PawZone is working on an NFT marketplace for Shibarium called Pawzaar.

The blog stated,

“A lot of progress has already been made and we can’t wait to show you what we’ve been working on.”

Shiba Inu, according to the Pawzone team, was developed for a society devoid of middlemen and with the ability to affect change. Shibarium will serve as a gateway to decentralized projects, giving the SHIB more use.

When will Shiba Inu launch Shibarium?

The exact launch date is yet to be disclosed. However, lead developer Shytoshi Kusama assured the community that the launch would take place very soon. Kusama even changed his Twitter bio, which now reads “focused on Shibarium.” Hence, the community should expect an updated date very soon.

SHIB fans and investors are anticipating a positive reaction to the launch. Shiba Inu has lost a lot of value over this year. The project’s market cap has also fallen below $6 billion.

Apart from the impending layer 2, the SHIB team is also working on a new reward token called TREAT and a stablecoin called Shi. Release dates for both coins are, again, undisclosed. SHIB is also working on its metaverse initiative, SHIB: The Metaverse. The team keeps dropping concept art for the virtual world at regular intervals.

At press time, SHIB was trading at $0.00000915, down by 1.8% in the last 24 hours.